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Human Resource Outsourcing (HRO) Why It’s Good For Your Clients With 10 to 1000 Employees.

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Presentation on theme: "Human Resource Outsourcing (HRO) Why It’s Good For Your Clients With 10 to 1000 Employees."— Presentation transcript:

1 Human Resource Outsourcing (HRO) Why It’s Good For Your Clients With 10 to 1000 Employees

2 2 A Few Questions to Ask Are you currently outsourcing payroll? Flex Spending? Risk Management? 401(k)? COBRA Administration? Employee Training Programs? Do you have an employee handbook? How often is it updated? How are you currently handling Human Resource issues? How do you know that you are in compliance with all labor-related laws and regulations? What would you do if you were faced with a sexual harassment claim? How do you know if you are committing enough time and effort on Human Resources Support? Would you like to improve your employee benefit package? Would you like to be recognized as an “Employer of Choice”? Why Would A Client Need CSI-HRO?

3 3 Who Handles HR Now? Office Manager Outside Part Time HR Consultant Payroll Company Accountant / Attorney Insurance Broker You the Owner ??? Compensation Solutions, Inc.

4 4 What is a HRO? A Complete HR Outsourcing Solution Personnel Administration Employee Benefits Payroll Administration Compliance / Safety Retirement Planning Risk Management Leaves, Terminations, Disability Recruiting & Staffing Compensation Solutions, Inc.

5 5 What an HRO Will Do For Your Business Personnel Administration - Orientation, I-9 Management, New Hire Reporting Employee Benefits - Health, Dental, Vision, Supplemental, 401 (k), COBRA Payroll Administration - PTO Tracking, W-2 Processing, Tax Filings, and Web-Based Forms & Applications Compensation Solutions, Inc.

6 6 Compliance, Risk Management- FLSA, ERISA, OSHA, EEOC, ADA, Safety Training Leaves, Terminations, Disability- FMLA, Exit Interviews, Unemployment Claims Management Recruiting & Retention- Microsoft Office Skills Training, Online Resume Searches and Postings Compensation Solutions, Inc. What an HRO Will Do For Your Business

7 7 All Under One Umbrella Cost Effective & Efficient Wealth of Knowledge Best Practices Advice Control Costs 24/7 Access Reduce Risk & Avoid Exposure Compensation Solutions, Inc.

8 8 With Compensation Solutions I now call one # 800-654-4234 Before and With Compensation Solutions QUESTION WHO I CALLED Payroll QuestionsADP/Paychex? FICA Taxes, W2’s, W4’sAccountant? Workers’ Comp Costs WC Auditor? Labor- Employment Questions Attorney - Accountant? Health Insurance PlanHealth Broker? Life Insurance RatesLife Insurance Company? Dental Insurance Coverage Dental Agent? 401(k) Pension PlanFinancial Advisor/TPA? Cafeteria Plans Third Party Administrator? Workers’ Comp ClaimsClaims Department? Health-Dental ClaimsClaims Department? Disability ClaimsClaims Department? Sexual Harassment Called? FMLA-COBRA-HIPAA-FLSAI Called?? Wrongful DischargeI Called??? Safety ComplianceI Called???? Equal OpportunityI Called?????

9 9 Flexibility – CSI has developed a comprehensive suite of more than 100 HR services which can be customized to fit the specific needs and concerns of the Prospect. A true “one size does not fit all” approach. State of the Art Technology – CSI’s web-based platform provides a powerful, versatile and affordable Human Resource solution. Exceptional Client Service – CSI is known for its excellent response time and award winning service. Why CSI?

10 10 For the Client: Our Aggregation of Expertise and Buying Power are leveraged and passed on to clients. 99% of our clients are paying less for their healthcare with us than they were before. The average EEO1 Complaint costs over $15,000… Partnering with an HRO can drastically reduce settlements. The average small business owner spends from 3%-9% on HR (SBA)… The average CSI client spends under 2%. With an HRO, turnover is lower and retention is higher. Why are Advisors referring their clients to Compensation Solutions?

11 11 For the Advisor: Increased Customer Retention Setting yourself apart from other competitors Incentive Bonuses from CSI Up-front Bonuses On-going Payments Mentor Bonuses Quick-start Payments Spiff Programs Why are Advisors referring their clients to Compensation Solutions?

12 12 Businesses That Are Good Candidates Companies with 15-500 employees Start-up companies Companies without a full-time HR professional Second or third generation companies Companies overwhelmed by HR issues Compensation Solutions, Inc. Companies out of compliance with labor laws Companies that are in acquisition mode Companies looking for financing Well-run companies who want to GROW and outsource non- revenue producing activities

13 13 Technology Firms Bio Tech Medical Equipment Sales Doctor Groups Accounting Firms Law Firms Architects Engineering Firms Consulting Firms Light Manufacturing Distribution Healthcare Orgs Assembly/Production Food Service Hotels Energy Groups Real Estate Firms Industries That Are Good Candidates


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